legendary trader

Chapter 840 841 Anxiety

After Enron's stock price fell to 18.5 yuan, Chen Fan informed Lin Hong to start covering stocks, and gradually began to return those securities loans.

Today, Enron's stock price fell by 0.47 yuan and closed at 17.26 yuan. The drop was not too big, more than 2 percentage points, but it directly ate up a small positive line that was closed yesterday.

The rice stock trading has ended, but Zhang Quan also came to the trading room at this moment and sat on the side.

"Zhang Quan, can you find out whether Enron can pay the due debt of 30 billion yuan as scheduled?"

Chen Fan withdrew his gaze from staring at the computer screen, turned his head and said to Zhang Quan.

"This is very difficult. The bank can't find the data at all, but the bank should have suspended the possibility of negotiating with Enron to add new credit projects. According to the current situation, Enron should have no money to pay by then. of this money."

Zhang Quan shook his head and said, firstly he denied the possibility that Chen Fan wanted to investigate the monetary funds of Enron Company, but he still expressed his own judgment after summarizing some reported information.

"You should know that we have already begun to cover those stocks. The main concern is here. Now everyone in the United States is saying that Enron has no money to pay that debt. Next Friday, if the money cannot be paid, Enron will The company is finished, and there is a high probability that the creditors will file for bankruptcy. Although the possibility of actual execution is very small, the impact on the stock price is great."

When Chen Fan said this, he glanced at Lin Hong next to him, and then continued: "According to my judgment, Enron may not be as rumored in the United States. They have no money to pay when they are due. I think they still have money. As for where the money will come from, of course I don't know, but there will definitely be money to pay for it."

Lin Hong and Zhang Quan frowned upon hearing this, not knowing why Chen Fan had the confidence to say this.

"Didn't the Enron boss be photographed by American TV stations when he attended an event a few days ago? I think he was calm and relaxed at the time, and he didn't mean to worry about the money at all. That's why I judged that Enron's There is money to pay this debt."

Speaking of this, Chen Fan paused for a moment, and then continued: "Once Enron pays the money as scheduled, most of the previous rumors about Enron will go bankrupt. What kind of company is short of funds, what kind of financial fraud, false or not? It doesn't matter, as long as you have money in your company's account.

When the stock market rebounds due to this stimulus, no one will be able to suppress it. After all, such a cheap blue chip, don't you want to buy it? "

As he spoke, Chen Fan raised his eyebrows at Lin Hong, "What do you think?"

Lin Hong was silent, and it took a while before he said: "If Enron can really take out the money and repay the loan on time, it can really boost the stock price."

"I don't want to gamble, so the probability of getting back half of the stocks first is [-]-[-]. I also choose to get back half of the stocks. The cost of those securities lending is not low, and the interest is more than one million yuan a day."

Chen Fan laughed.

But at this time, Zhang Quan on the side suddenly said: "Mr. Chen, if Enron can really pay off its debts, shouldn't you buy back more stocks?"

Chen Fan shook his head, "We guessed before that there may be someone behind the Enron incident. I also bet that if someone is really behind it, they will definitely take action at this time."

"I said Zhang Quan, should we find a consulting company in the US to investigate this matter?"

Hearing what Chen Fan said, Lin Hong suddenly turned his head and said to Zhang Quan.

"Where can you find such a thing, you are joking."

Zhang Quan shook his head and smiled.

"At least collect more information. We can analyze it ourselves. It's better than collecting it in the United States. Those companies that engage in consulting and investigation are still very good at it."

Lin Hong argued that it wasn't that he had any opinions on the company's intelligence collection, but that he simply wanted an additional channel for news. After all, he didn't pay for the money. He only wanted results, and if there were good results, it could help him earn more money. Too much money, so helping the boss save money is not in his consideration.

"Thinking about this now, it's too late to estimate, what results can be obtained in just ten days."

Chen Fan smiled and interrupted their conversation, "Even if there are some omissions, it may not be able to solve any problems. I mean, if someone is really pushing behind the scenes, even if they find out, they may not dare to tell us the news."

After hearing what Chen Fan said, Lin Hong thought it made sense, so he didn't say anything else.

Of course, Zhang Quan also knows that it is difficult to get the financial situation of Enron Company in advance, even if it is just to check the cash that Enron Company can control now, it is impossible to do, so at this moment, besides saying that he will do his best to investigate , I dare not make any guarantees at all.

In the next few days, the sell-off of Enron's stock did not decrease at all, but the sellers seemed to be very restrained and did not want to sell their stocks at a low price. Therefore, Enron's stock price did not fall much, but the intraday volatility was a little bit larger.

It's just that after Enron's stock price fell to around 16 yuan, the seller obviously hesitated. At this time, the selling orders that were posted at this time vaguely meant to raise the price to sell. On the contrary, a sell order appears at a high level, waiting for a buy order to come.

The bulls and the bears rubbed against each other on the market, hoping to make a deal according to their own ideas. Naturally, although there were a lot of buying and selling orders in the market, the market trading volume began to show signs of shrinking.

Chen Fan can understand the seller's hesitation at this time. Those who still hold Enron stocks at this time must be stocks bought at high prices. In fact, it is to turn the book loss into an actual loss, and it is natural to be hesitant.

After all, Enron so far, although the two financial reports of this year did reveal all sorts of weirdness, but the overall decline in performance is not obvious, it can only be said that there is no strong growth momentum in the past, but don't let the market deprive Enron of blue-chip stocks because of this. status.

Even though Enron's stock price has fallen to the current level, Enron's name still exists in various indexes and investment stock pools compiled by most influential fund companies in the United States, and there are only a few influential ones Fund companies removed Enron stock.

It is still regarded as a blue-chip stock by the market. Although the stock price has fallen really badly, the seller is naturally unwilling to leave the market easily after suffering heavy losses.

Fortunately, the repayment period disclosed in the previous financial report is still a few days away, so Chen Fan is not in a hurry. After all, there is not much difference between the goal of recovering 2 million shares, which is a difference of more than 5 million shares. If necessary, you can collect all the stocks by swiping up continuously.

"Just play with them, we're not in a hurry."

Chen Fan smiled and said to Lin Hong, "They should be more anxious about the current market situation."

Because it is now rumored on the Internet in the United States that Enron can't afford the money to fulfill the contract and repay the loan on time, so Chen Fan judges that the seller should be more anxious than them.

Sure enough, this lingering trend lasted for less than three days, and the sellers in Enron's market couldn't hold on any longer, and they sold out their stocks one after another.

This time, these sellers also seem to have completely surrendered and do not want to continue to entangle. After seeing the buying orders listed below, they will make a deal. If there are no buying orders below, the stock price will naturally go sideways.

In fact, although bad news is flying all over Enron's current market, thanks to the recent sharp drop, when there are no major long-short entry and exit operations, the market actually has more buy orders than sell orders.

Once Lin Hong and the others don't place buy orders in the market, Enron's stock price will continue to fluctuate and rise, but the increase is not large.

As Lin Hong rushed to take away all the stocks Chen Fan wanted before the expiration of Enron's short-term loan, he didn't continue to place buy orders in the market after that, and Enron's stock price started to bottom around 16 yuan instead.

Without a big buy order as the opponent's market, the sellers in Enron's market will not be able to offer too many chips for a while, especially as the news spreads, investors who were willing to buy some Enron stocks for a gamble before are now starting to die down , Waiting for the last moment to come, they also want to know whether Enron still has money in its accounts, and whether it can settle the 30 billion yuan debt.

As the wait-and-see atmosphere became more and more intense, the trading volume of Enron's stock market also dropped sharply in the last two days, and the market trend was almost similar to that of zombie stocks.

With such a calm trend, the time has come to Friday.

There was no news from Zhang Quan for several days in a row, but this was also within Chen Fan's expectation.

However, today Chen Fan came to Oak Capital much earlier than usual, arriving just after 8 o'clock, because it was the morning in the United States, and some companies in the United States had already started working.

At this time, it is more appropriate to keep abreast of the information of the United States in Oak Capital.

When Chen Fan walked into the trading room, he saw that Lin Hong was already there, but the other traders hadn't come yet. Looking at the time, they should be arriving soon.

But Chen Fan didn't care when they arrived, but was waiting for news from Zhang Quan.

Before going upstairs, Chen Fan had already sent a short message to Zhang Quan, telling him to let him know as soon as there was any latest progress, and he had already arrived at the trading room.

Because today's pre-market briefing has not been delivered, Chen Fan turned on the computer at this moment and did not click on the market software. Instead, he logged on to domestic news websites and browsed casually, which can be considered as a way to pass the time.

In the following time, traders came one after another. They were not surprised to see Lin Hong in the trading room, but they were a little surprised to see Chen Fan here so early, but everyone knows what happened today , so they all understand.

At this time, Zhang Quan also came to the trading room with today's pre-market briefing. After distributing it, he went straight to the empty computer seat next to Chen Fan and sat down.

"Mr. Chen, I'm waiting for news here today. I have already notified them. Once you get the news, call me."

"Ah."

Chen Fan nodded. There was nothing else going on at the moment. He had already read all the news he wanted to pay attention to, so he picked up the materials Zhang Quan brought and flipped through them.

There is no major news in the rice stock market today. If there is any, many analysis institutions have begun to pay attention to Enron's affairs, and they have mentioned the current situation of Enron in their reports.

But at this time, there are very few recommendations, almost none, and such a situation is still very rare.

Before Enron was on the way down, some analysts gave Enron a rating of overweight and buy, but now, Enron's market has shown signs of stabilization, and the stock price has fallen to such a low price of 16 yuan, but no institution recommends it. , This in itself is also an uncharacteristic thing, but there are still a small number of investors who notice this.

Although there is no recommendation for Enron, the report repeatedly mentions Enron's debt due today, constantly reminding investors to pay attention to Enron's news.

Indeed, if Enron can't repay the loan in time today, Enron's stock price will definitely plummet, and if it can't repay the loan before the market opens, the intraday trend will definitely not be good today, even if they choose to repay the loan after the stock market closes , that is also the possibility of a rebound next week.

As a blue-chip stock, Enron's plunge will, for example, affect other stocks to follow suit. Therefore, the impact of Enron's current trend on the rice stock market cannot be underestimated.

Moreover, even if they collect the funds and return them after the market closes, the impact on Enron's market today will naturally be very small, and it will naturally have a very bad impact on Enron's image in the minds of investors.

Therefore, these analysis reports all believe that the best way to get rid of the current rumors that the market is unfavorable to Enron is to pay off the debt before the stock market opens to boost today's stock price trend.

Does Enron have money to return?
At this time, there were still about ten minutes before the opening of the rice stocks. Chen Fan had already flipped through the pre-market briefing in his hand twice. He was not interested in flipping through it a third time, so he threw it on the table casually.

Zhang Quan was holding a mobile phone in his hand at the moment, and seemed to be watching news online, but his slightly anxious face still betrayed him. Chen Fan didn't say anything in his eyes, and it was useless to say anything at this time.

From the information, Chen Fan had already guessed that if Enron had money, it would most likely repay the loan before the stock market opened, and if Zhang Quan's phone still didn't ring before the market opened, there was a high probability that it would default on the contract.

If there is no phone call, shouldn't we close the 1 million shares we considered at a low level today?
What Chen Fan had previously set was to buy Enron stock at a price of 10 to 15 yuan, but if Enron defaulted today, there is a high probability that Enron's stock price will plummet in the eyes of everyone, and it will directly rush into the price he set. Covering price.

Chen Fan was thinking about how to deal with today's slump. Yes, although he thought that Enron would have the money to repay the loan, it was so late, and Zhang Quan's phone still didn't ring.

"Kesai, is the money in place?"

At this time, at the highest level of Enron's headquarters, in the CEO's office, Kenneth asked the company's financial officer.

"The money is on the way and has been transferred, but it hasn't arrived yet."

Ke Sai was also anxiously waiting for news of the funds with his mobile phone in his hand.

"Already transferred out?"

Kenneth asked.

"Yes, there should be news in a few minutes."

(End of this chapter)